London and New York may be the favorite two cities of the global wealthy. But when it comes to investment returns since 2010, Dubai was your best bet.
A new study from Douglas Elliman and Knight Frank looked at the return on $1 million invested in prime residential property in 2010 through the second quarter of 2014.
If you bought $1 million in real estate in New York in 2010, it would be worth about $1.22 million today. In London, it would be worth about $1.54 million. In Miami, it would be worth $1.26 million, and in Hong Kong, it would be worth $1.16 million.